During the recession phase of the business cycle,
A. Interest rates are usually falling
B. Income is usually rising
C. Production is usually rising
D. Unemployment is usually falling.
A. Interest rates are usually falling
Economics
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A. Define the term "globalization."
b. Describe the benefits of globalization. c. Who is likely to oppose globalization and why? What will be an ideal response?
Economics
If the U.S. enjoys an absolute advantage in agriculture compared to every other country in the world, then
A. agricultural production will take place only in the U.S. B. the U.S. necessarily has a comparative advantage in agriculture. C. the U.S. may or may not have a comparative advantage in agriculture. D. the U.S. necessarily does not have a comparative advantage in agriculture.
Economics